borrowing Date of borrowing Amt purpose brrowing Exp
15% loan 01.01.2001 6L general 50000
14.5% loan 01.07.2001 4L P&M 20000
14% loan 01.10.2001 5L general 40000
Qualified assets-
Factory shed-1L, P&M-9L ,other FA- 1L
Project gets completed on 01.01.2002. what is the amt to be capitalised for the F.Y 2001-02
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Borrowing Cost
Replies (3)
Capitalise all the interest upto 01.01.02 and capitalise it to the respctive assets
i agree wht abcdef
just calculate urself
calculate the intrest & add it to their respective assets
but I want specific answer-
1)for how many months specific borrowing will be capitalised. (6 or 9)
2)how whtd avg rate for general borrowing to be calculated? for how many months,it will be capitalised?? is there any limit for interest be capitalised ??or all exp*rate*9mths
3)how much of borrowing exp to be added??
it would be very nice of u,2take trouble & calculate it for me.
thanx
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